Exemption from capital gains from reinvestment in life annuities for those over 65

A taxpayer over 65 enquires about the conditions for applying the exemption resulting from reinvesting proceeds from the sale of a patrimonial asset into a life annuity. The DGT outlines the legal and regulatory conditions under which this exemption is valid.

Allows older taxpayers to reinvest proceeds from the sale of assets into life annuities without incurring capital gains tax.